CBRE Group Inc (CBG) Shares Sold by Emory University

Emory University decreased its holdings in CBRE Group Inc (NYSE:CBG) by 7.4% in the 4th quarter, Holdings Channel reports. The firm owned 42,266 shares of the financial services provider’s stock after selling 3,376 shares during the quarter. CBRE Group accounts for approximately 1.6% of Emory University’s portfolio, making the stock its 28th largest position. Emory University’s holdings in CBRE Group were worth $1,831,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. raised its position in CBRE Group by 13.0% in the 4th quarter. BlackRock Inc. now owns 23,251,731 shares of the financial services provider’s stock valued at $1,007,033,000 after purchasing an additional 2,668,228 shares during the last quarter. Wells Fargo & Company MN raised its position in CBRE Group by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 7,211,233 shares of the financial services provider’s stock valued at $312,320,000 after purchasing an additional 23,697 shares during the last quarter. Prudential Financial Inc. raised its position in CBRE Group by 3.7% in the 3rd quarter. Prudential Financial Inc. now owns 3,761,965 shares of the financial services provider’s stock valued at $142,503,000 after purchasing an additional 135,037 shares during the last quarter. Geode Capital Management LLC raised its position in CBRE Group by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 3,125,730 shares of the financial services provider’s stock valued at $135,088,000 after purchasing an additional 116,064 shares during the last quarter. Finally, Hosking Partners LLP raised its position in CBRE Group by 0.5% in the 4th quarter. Hosking Partners LLP now owns 2,448,447 shares of the financial services provider’s stock valued at $106,042,000 after purchasing an additional 11,665 shares during the last quarter. Hedge funds and other institutional investors own 95.34% of the company’s stock.

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Shares of CBRE Group Inc (NYSE:CBG) opened at $46.10 on Friday. The firm has a market capitalization of $15,650.00, a price-to-earnings ratio of 18.82, a PEG ratio of 1.15 and a beta of 1.72. CBRE Group Inc has a 52-week low of $32.30 and a 52-week high of $47.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 1.08.

CBRE Group (NYSE:CBG) last released its earnings results on Thursday, February 8th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.12 billion. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. research analysts forecast that CBRE Group Inc will post 3.07 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders of record on Monday, April 23rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.17%.

In related news, CFO James R. Groch sold 50,000 shares of CBRE Group stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $45.03, for a total transaction of $2,251,500.00. Following the completion of the sale, the chief financial officer now directly owns 442,444 shares of the company’s stock, valued at $19,923,253.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Brandon Boze sold 5,000,000 shares of CBRE Group stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $45.78, for a total value of $228,900,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,167,788 shares of company stock valued at $236,284,518. 1.00% of the stock is currently owned by corporate insiders.

CBG has been the subject of several research analyst reports. Barclays reiterated a “buy” rating and issued a $47.00 price objective on shares of CBRE Group in a research report on Wednesday, December 27th. Zacks Investment Research downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. JMP Securities downgraded CBRE Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. They noted that the move was a valuation call. Bank of America lifted their price objective on CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, Evercore ISI assumed coverage on CBRE Group in a research report on Monday, January 22nd. They set an “in-line” rating and a $48.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $46.56.

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About CBRE Group

CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.

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